Commissioner v. Hickman
This text of 68 F.2d 997 (Commissioner v. Hickman) is published on Counsel Stack Legal Research, covering Court of Appeals for the Fifth Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
The Board of Tax Appeals decided that certain expenditures made in the drilling of an oil well are returnable to the respondents as taxpayers through depreciation rather than through depletion. Since the Board’s decision, the opposite view has been adopted by the Supreme Court. United States v. Dakota-Montana Oil Co., 288 U. S. 459, 53 S. Ct. 435, 77 L. Ed. 893; Petroleum Exploration v. Burnet, 288 U. S. 467, 53 S. Ct. 439, 77 L. Ed. 898. Therefore the petitions for review are granted, and the causes remanded for fürther proceedings.
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Cite This Page — Counsel Stack
68 F.2d 997, 13 A.F.T.R. (P-H) 635, 1934 U.S. App. LEXIS 5052, 1934 U.S. Tax Cas. (CCH) 9132, Counsel Stack Legal Research, https://law.counselstack.com/opinion/commissioner-v-hickman-ca5-1934.